It was bad enough for Paulo de Morais when he was expelled in early February from the house where he lived for 22 years, in the shadow of a mining dam at risk of collapse. De Morais was evacuated with about 450 of his neighbors under orders from Brazil's mining agency, which feared a repeat of the catastrophe at Brumadinho 65 kilometers (40 miles) away. A dam collapse there in late January unleashed a wave of toxic mud that buried alive more than 240 Vale SA employees and neighbors.

An index of Latin American stocks marked time on Friday, on course to post a solid weekly gain, as did Latin American currencies, which held ground against the dollar. Investor sentiment towards the region ...

Latin American stocks and currencies slid on Thursday, with fears of a worsening U.S.-China trade war in focus as a stern warning China issued to the United States prompted investors to dial back exposure ...

An index of Latin American currencies rose on Wednesday against the dollar ahead of the release of U.S. Federal Reserve minutes, while a regional equities benchmark was on course for a third straight day ...

A Latin American stocks benchmark rose on Tuesday, boosted by strong gains in index heavyweight Brazil, and the region's currencies firmed broadly against the dollar as frosty U.S.-China ties marginally ...

Brazil's state-run oil company Petrobras said on Tuesday its board of directors approved an addendum to a transfer-of-rights oil contract that will see it reimbursed to the tune of $9.06 billion, but the deal remains subject to governmental agreement. Approval depends on the publication of a Ministry of Mines and Energy decree that does not violate the rights and conditions from the contract Petrobras has already negotiated, the company said in a statement.

China's steel futures edged up on Tuesday despite the concerns over escalating tension between the world's top two economies, as investors expect stronger steel demand from property market. Although the costlier trade war had weighed on financial markets across countries, Chinese steel futures still managed to make some gains, supported by better-than-expected demand from property sector.

Taesa's Ba1/Aaa.br corporate family ratings (CFR) are unaffected by this rating action. Last December, Taesa announced an agreement for the acquisition of ownership interests in four operating transmission assets from Ambar Energia totaling 1,227 kilometers for a total price of BRL942.5 million.

Throughout the U.S.-China trade war, we have witnessed steel prices continue to weaken, while iron ore prices have surprisingly rallied on a global supply crunch that has seen prices rise to the highest level since 2014. Sanford C. Bernstein & Co. is predicting that the world's best miners including Vale S.A. (VALE) will deliver approximately 283 million tons this quarter, a 10% decrease on the year. Iron ore's shortfall will likely continue to support miners including Fortescue Metals Group Limited (FSUGY), Cleveland-Cliffs Inc. (CLF) and Anglo American PLC's (NGLOY) Kumba Iron Ore Ltd. ...

As Vale Warns of a Possible Dam Collapse, Iron Ore SurgesVale warns about possible dam collapse riskAccording to Reuters, on May 16, Vale (VALE) told prosecutors that a dam was at risk of rupturing at its Gongo Soco mine. This mine is ~40 miles from